Cost of Living Comparison Between New York, NY and Toronto 
| Indices Difference |  |
|---|---|
| Cost of Living in Toronto is 37.7% lower than in New York, NY (without rent) | |
| Cost of Living Including Rent in Toronto is 46.8% lower than in New York, NY | |
| Rent Prices in Toronto are 58.1% lower than in New York, NY | |
| Restaurant Prices in Toronto are 33.7% lower than in New York, NY | |
| Groceries Prices in Toronto are 34.0% lower than in New York, NY | |
| Local Purchasing Power in Toronto is 13.5% higher than in New York, NY | |
Restaurants | New York, NY Edit |
Toronto Edit | Difference |
|---|---|---|---|
| Meal, Inexpensive Restaurant |
30.00 $ (42.19 C$) |
18.22 $ (25.62 C$) |
-39.3 % |
| Meal for 2 People, Mid-range Restaurant, Three-course |
130.00 $ (182.82 C$) |
85.33 $ (120.00 C$) |
-34.4 % |
| McMeal at McDonalds (or Equivalent Combo Meal) |
12.00 $ (16.88 C$) |
10.67 $ (15.00 C$) |
-11.1 % |
| Domestic Beer (1 pint draught) |
9.00 $ (12.66 C$) |
5.69 $ (8.00 C$) |
-36.8 % |
| Imported Beer (12 oz small bottle) |
12.00 $ (16.88 C$) |
7.11 $ (10.00 C$) |
-40.7 % |
| Cappuccino (regular) |
5.88 $ (8.27 C$) |
3.94 $ (5.54 C$) |
-33.1 % |
| Coke/Pepsi (12 oz small bottle) |
3.14 $ (4.42 C$) |
2.21 $ (3.11 C$) |
-29.6 % |
| Water (12 oz small bottle) |
2.35 $ (3.31 C$) |
1.68 $ (2.36 C$) |
-28.7 % |
Markets | New York, NY Edit |
Toronto Edit | |
| Milk (regular), (1 gallon) |
5.90 $ (8.30 C$) |
11.07 $ (15.57 C$) |
+87.6 % |
| Loaf of Fresh White Bread (1 lb) |
4.53 $ (6.36 C$) |
2.50 $ (3.52 C$) |
-44.7 % |
| Rice (white), (1 lb) |
3.67 $ (5.17 C$) |
1.49 $ (2.09 C$) |
-59.5 % |
| Eggs (regular) (12) |
5.21 $ (7.33 C$) |
3.32 $ (4.66 C$) |
-36.4 % |
| Local Cheese (1 lb) |
8.14 $ (11.44 C$) |
5.33 $ (7.49 C$) |
-34.5 % |
| Chicken Fillets (1 lb) |
7.08 $ (9.95 C$) |
5.52 $ (7.76 C$) |
-22.0 % |
| Beef Round (1 lb) (or Equivalent Back Leg Red Meat) |
9.49 $ (13.34 C$) |
6.41 $ (9.02 C$) |
-32.4 % |
| Apples (1 lb) |
3.36 $ (4.73 C$) |
1.76 $ (2.47 C$) |
-47.7 % |
| Banana (1 lb) |
1.11 $ (1.56 C$) |
0.57 $ (0.80 C$) |
-48.6 % |
| Oranges (1 lb) |
2.90 $ (4.07 C$) |
1.49 $ (2.09 C$) |
-48.6 % |
| Tomato (1 lb) |
2.83 $ (3.98 C$) |
1.76 $ (2.48 C$) |
-37.7 % |
| Potato (1 lb) |
1.85 $ (2.60 C$) |
1.05 $ (1.48 C$) |
-43.1 % |
| Onion (1 lb) |
1.76 $ (2.48 C$) |
1.22 $ (1.71 C$) |
-30.9 % |
| Lettuce (1 head) |
3.26 $ (4.59 C$) |
2.19 $ (3.07 C$) |
-33.0 % |
| Water (1.5 liter bottle) |
2.52 $ (3.54 C$) |
1.63 $ (2.30 C$) |
-35.1 % |
| Bottle of Wine (Mid-Range) |
20.00 $ (28.13 C$) |
12.80 $ (18.00 C$) |
-36.0 % |
| Domestic Beer (0.5 liter bottle) |
2.89 $ (4.07 C$) |
2.51 $ (3.53 C$) |
-13.4 % |
| Imported Beer (12 oz small bottle) |
3.68 $ (5.17 C$) |
2.96 $ (4.17 C$) |
-19.4 % |
| Cigarettes 20 Pack (Marlboro) |
17.00 $ (23.91 C$) |
14.22 $ (20.00 C$) |
-16.3 % |
Transportation | New York, NY Edit |
Toronto Edit | |
| One-way Ticket (Local Transport) |
2.90 $ (4.08 C$) |
2.38 $ (3.35 C$) |
-17.9 % |
| Monthly Pass (Regular Price) |
133.00 $ (187.04 C$) |
110.93 $ (156.00 C$) |
-16.6 % |
| Taxi Start (Normal Tariff) |
5.00 $ (7.03 C$) |
3.56 $ (5.00 C$) |
-28.9 % |
| Taxi 1 mile (Normal Tariff) |
3.50 $ (4.92 C$) |
2.29 $ (3.22 C$) |
-34.6 % |
| Taxi 1hour Waiting (Normal Tariff) |
39.00 $ (54.85 C$) |
22.04 $ (31.00 C$) |
-43.5 % |
| Gasoline (1 gallon) |
3.79 $ (5.33 C$) |
4.27 $ (6.00 C$) |
+12.6 % |
| Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) |
35,000.00 $ (49,221.38 C$) |
24,617.00 $ (34,619.50 C$) |
-29.7 % |
| Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) |
28,163.92 $ (39,607.62 C$) |
20,803.51 $ (29,256.50 C$) |
-26.1 % |
Utilities (Monthly) | New York, NY Edit |
Toronto Edit | |
| Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment |
180.90 $ (254.41 C$) |
102.09 $ (143.57 C$) |
-43.6 % |
| Mobile Phone Monthly Plan with Calls and 10GB+ Data |
65.58 $ (92.22 C$) |
38.46 $ (54.09 C$) |
-41.3 % |
| Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) |
67.40 $ (94.79 C$) |
50.00 $ (70.32 C$) |
-25.8 % |
Sports And Leisure | New York, NY Edit |
Toronto Edit | |
| Fitness Club, Monthly Fee for 1 Adult |
147.94 $ (208.05 C$) |
48.63 $ (68.39 C$) |
-67.1 % |
| Tennis Court Rent (1 Hour on Weekend) |
72.22 $ (101.57 C$) |
18.15 $ (25.52 C$) |
-74.9 % |
| Cinema, International Release, 1 Seat |
20.00 $ (28.13 C$) |
12.09 $ (17.00 C$) |
-39.6 % |
Childcare | New York, NY Edit |
Toronto Edit | |
| Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child |
3,187.71 $ (4,482.95 C$) |
1,127.52 $ (1,585.65 C$) |
-64.6 % |
| International Primary School, Yearly for 1 Child |
59,000.00 $ (82,973.17 C$) |
16,901.66 $ (23,769.23 C$) |
-71.4 % |
Clothing And Shoes | New York, NY Edit |
Toronto Edit | |
| 1 Pair of Jeans (Levis 501 Or Similar) |
66.66 $ (93.74 C$) |
58.91 $ (82.85 C$) |
-11.6 % |
| 1 Summer Dress in a Chain Store (Zara, H&M, ...) |
47.76 $ (67.17 C$) |
38.08 $ (53.55 C$) |
-20.3 % |
| 1 Pair of Nike Running Shoes (Mid-Range) |
109.56 $ (154.07 C$) |
90.95 $ (127.91 C$) |
-17.0 % |
| 1 Pair of Men Leather Business Shoes |
174.27 $ (245.08 C$) |
114.10 $ (160.46 C$) |
-34.5 % |
Rent Per Month | New York, NY Edit |
Toronto Edit | |
| Apartment (1 bedroom) in City Centre |
4,017.99 $ (5,650.60 C$) |
1,787.58 $ (2,513.92 C$) |
-55.5 % |
| Apartment (1 bedroom) Outside of Centre |
2,866.50 $ (4,031.23 C$) |
1,511.84 $ (2,126.14 C$) |
-47.3 % |
| Apartment (3 bedrooms) in City Centre |
8,793.28 $ (12,366.20 C$) |
2,992.35 $ (4,208.21 C$) |
-66.0 % |
| Apartment (3 bedrooms) Outside of Centre |
5,249.20 $ (7,382.08 C$) |
2,471.36 $ (3,475.53 C$) |
-52.9 % |
Buy Apartment Price | New York, NY Edit |
Toronto Edit | |
| Price per Square Feet to Buy Apartment in City Centre |
1,808.34 $ (2,543.11 C$) |
874.03 $ (1,229.17 C$) |
-51.7 % |
| Price per Square Feet to Buy Apartment Outside of Centre |
1,332.00 $ (1,873.22 C$) |
705.13 $ (991.64 C$) |
-47.1 % |
Salaries And Financing | New York, NY Edit |
Toronto Edit | |
| Average Monthly Net Salary (After Tax) |
5,643.24 $ (7,936.23 C$) |
3,409.40 $ (4,794.73 C$) |
-39.6 % |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 6.66 | 6.09 | -8.6 % |
| Last update: | December 2024 | December 2024 | |
| Contributors in the past 12 months: | 458 | 716 |
Moving to New York, NY? Explore:
Moving to Toronto? Explore:
Cities near New York, NY: | Cost of Living in Jersey City, New Jersey | 4.58 miles |
| Cost of Living in East Rutherford, New Jersey | 10.01 miles |
| Cost of Living in Rutherford, New Jersey | 10.22 miles |
| Cost of Living in Newark, New Jersey | 11.63 miles |
| Cost of Living in Paterson, New Jersey | 17.95 miles |
| Cost of Living in Bergen County, New Jersey | 20.13 miles |
| Cost of Living in Hempstead, New York | 22.26 miles |
| Cost of Living in West Caldwell, New Jersey | 23.56 miles |
| Cost of Living in Woodbridge, New Jersey | 25.26 miles |
| Cost of Living in Glen Cove, New York | 30.15 miles |
Cities near Toronto: | Cost of Living in Vaughan | 16.10 miles |
| Cost of Living in Richmond Hill | 22.87 miles |
| Cost of Living in Oakville | 25.57 miles |
| Cost of Living in Brampton | 27.62 miles |
| Cost of Living in Whitby, ON | 33.84 miles |
| Cost of Living in Burlington | 34.94 miles |
| Cost of Living in Oshawa | 35.88 miles |
| Cost of Living in Hamilton | 44.17 miles |
| Cost of Living in Guelph | 58.38 miles |
| Cost of Living in Cambridge | 60.12 miles |